Kazakhstan produces roughly 1.7 million barrels per day, dominated by the giant Tengiz, Kashagan, and Karachaganak fields. CPC Blend, exported through the Caspian Pipeline Consortium to the Black Sea port of Novorossiysk, is the country's primary export grade.
Current Context
Kazakhstan has consistently produced above its OPEC+ quota, drawing pressure from the cartel for compensation cuts. CPC pipeline operations face periodic disruption risk from regional conflicts and weather at the Black Sea terminal.